What the Obamacare Numbers Don’t Say
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Nov. 14 (Bloomberg) -- Amid the hubbub over yesterday’sembarrassingly low initial enrollment numbers for the AffordableCare Act, it’s worth remembering those numbers are useful forone thing only: hinting at whether the law will perform asadvertised. As it turns out, the numbers provide little hintabout anything.
Certainly, what figures the report contains aredisheartening. From Oct. 1 through Nov. 2, only 106,000 peopleselected a health insurance plan through the state exchangescreated under Obamacare, about a fifth as many as the governmenthad projected. And that includes an unspecified number of peoplewho have yet to pay a single dollar, some of whom may changetheir minds.